Saturn Minerals Granted Permit & License for Bannock Creek Oil Well

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(SMK.F) ("Saturn" or the "Company") is pleased to announce that the Company has been granted a Permit & License under the Oil and Gas Conservation Act, Province of Saskatchewan, to drill an oil well at its Bannock Creek Property.

Saturn has contracted with West Rock Energy Consultants Ltd., Calgary, AB to provide all logistical support and drill for the drilling program under the direction of the Company's Geological team, Craig Boland, P.Geo. and Chris Barton, P. Geo.

At present the location is under R.M. road bans due to soft ground conditions and the Company will mobilize a rig and crew to the drill site as soon as the restrictions are lifted and the ground conditions permit.

Saturn identified the well location in its recently completed 2D seismic program which was designed to identify and confirm closure for potential light oil traps in the stacked Red River, Winnipeg and Deadwood Formations of the Northeastern Williston Basin. The data confirmed the anticlinal four-way closure of the drillable prospect at Bannock Creek. The closed fault bounded roll over structure is 480 acres minimum in area and has the potential to contain up to 38 million barrels in place of resource from all three targeted reservoirs.